Year: 2019

The airline said passenger numbers fell 7% in October and it now expected second-half profit to be “significantly below” the first half’s HK$1.347 billion ($172.04 million), in a step up from the wording “below” used last month. Hong Kong anti-government protesters on Wednesday paralysed parts of the Asian financial hub for a third consecutive day, with some transport links, schools and many businesses closing after an escalation of violence. “Overall we foresee a challenging remainder of 2019 for our airlines,” Cathay Chief Customer and Commercial Officer Ronald Lam said in a statement on Wednesday. …read more […]

Let’s talk about the popular Bayerische Motoren Werke Aktiengesellschaft (ETR:BMW). The company’s shares led the XTRA… …read more […]

Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to $15 billion as soon as Thursday, according to two sources with knowledge of the discussions. While Alibaba executives are preparing for a Thursday launch, sources said the timing could slip depending on developments in Hong Kong’s ongoing protests. The deal – the world’s biggest cross-border secondary listing – will be seen as a boost for Hong Kong, which recently entered its first recession in a decade as more than five months of street protests and worries about the …read more […]

Q3 2019 ViewRay Inc Earnings Call …read more […]

It was barely worth the wait. U.S. President Trump spent more time berating the Federal Reserve in his speech on the economy last night than revealing any new trade truce with China – disappointing markets, which were expecting some breakthrough, or even some new signal, on the U.S.-China trade war. Trump remained bellicose – saying a deal was potentially close, but reserving the right to ratchet up tariffs “very substantially” against Beijing if no deal was sealed early next month. …read more […]

Q3 2019 Telecom Italia SpA Earnings Call …read more […]

Q3 2019 Mallinckrodt Plc Earnings Call …read more […]

(Bloomberg) — Spreading social and political unrest is taking a toll on Latin American assets.The region’s dollar bonds have lost 3.5% since early August, when Alberto Fernandez’s surprise victory in Argentina’s primary vote put the leftist on course for the presidency. That’s the worst performance among emerging markets, according to JPMorgan Chase & Co.’s indexes.The slump has been exacerbated over the past month by violent demonstrations that led Chile to declare a state of emergency and protests in Ecuador that forced the government out of the capital. Bolivia’s Eurobonds tumbled on Tuesday after President Evo Morales resigned and fled to …read more […]

Long term investing works well, but it doesn’t always work for each individual stock. We don’t wish catastrophic… …read more […]

(Bloomberg) — On the banks of the Ruhr river that flows through Germany’s industrial heartland lies a vast ornamental park with manicured gardens and exotic trees. At its heart sits a neoclassical manor with copper-green roof and Grecian pillars: Villa Huegel, the former home of steel magnate Alfred Krupp.Villa is a misnomer — the place is more a palace than a residence. There are wood-paneled library rooms, elaborate Flemish tapestries and glittering chandeliers dripping from coffered ceilings. The mansion is a tribute to Krupp’s vast wealth and status as champion of Germany’s breakneck industrial revolution in the nineteenth century. If …read more […]

Indonesia will not approve the return of the Boeing Co 737 MAX to its skies until after aviation regulators in the United States, Europe, Brazil, Canada and China do so, an official at Indonesia’s aviation regulator said on Wednesday. “Indonesia is waiting for FAA and other big countries to recertify MAX,” Sokhib Al Rokhman, head of the airworthiness and aircraft subdirectorate at the Directorate General of Civil Aviation (DGCA) told reporters in Jakarta, in reference to the U.S. Federal Aviation Administration (FAA). “We are also increasing our cooperation with ASEAN countries once FAA publishes the recertification,” he …read more […]

(Bloomberg) — Hon Hai Precision Industry Co. reported quarterly profit above analysts’ estimates, indicating solid demand for Apple Inc.’s iPhone 11 range.The assembler of most of the world’s iPhones and iPads posted net income of NT$30.7 billion ($1 billion) for the September quarter, compared with an average estimate of NT$27.7 billion.Apple last month forecast holiday revenue that surpassed Wall Street’s projections, suggesting healthy appetite for iPhone 11 models with lower entry prices and vastly improved cameras. It’s now said to expect iPhone shipments to return to growth in 2020 when it finally introduces its own 5G devices — a boon …read more […]